Boston Partners Has $31.57 Million Stake in The Simply Good Foods Company $SMPL

Boston Partners grew its stake in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 13.5% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,006,498 shares of the financial services provider’s stock after buying an additional 119,634 shares during the period. Boston Partners’ holdings in Simply Good Foods were worth $31,569,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd bought a new stake in shares of Simply Good Foods in the 2nd quarter worth approximately $612,000. Econ Financial Services Corp bought a new position in Simply Good Foods in the second quarter worth $830,000. Intech Investment Management LLC boosted its stake in Simply Good Foods by 43.5% during the first quarter. Intech Investment Management LLC now owns 62,005 shares of the financial services provider’s stock worth $2,139,000 after buying an additional 18,801 shares in the last quarter. Voya Investment Management LLC increased its holdings in Simply Good Foods by 33.2% in the 1st quarter. Voya Investment Management LLC now owns 79,703 shares of the financial services provider’s stock valued at $2,749,000 after buying an additional 19,887 shares during the period. Finally, Woodline Partners LP increased its holdings in Simply Good Foods by 10.9% in the 1st quarter. Woodline Partners LP now owns 1,664,755 shares of the financial services provider’s stock valued at $57,417,000 after buying an additional 163,720 shares during the period. 88.45% of the stock is owned by institutional investors and hedge funds.

Simply Good Foods Stock Performance

NASDAQ SMPL opened at $19.56 on Thursday. The Simply Good Foods Company has a 1-year low of $18.47 and a 1-year high of $40.53. The company has a 50 day moving average of $23.87 and a 200-day moving average of $29.51. The company has a current ratio of 3.64, a quick ratio of 2.30 and a debt-to-equity ratio of 0.14. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 3.29 and a beta of 0.47.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). Simply Good Foods had a return on equity of 10.06% and a net margin of 7.14%.The business had revenue of $369.04 million for the quarter, compared to the consensus estimate of $369.07 million. During the same quarter last year, the company earned $0.50 earnings per share. The firm’s revenue was down 1.8% on a year-over-year basis. Simply Good Foods has set its FY 2026 guidance at EPS. On average, equities analysts forecast that The Simply Good Foods Company will post 1.78 earnings per share for the current fiscal year.

Insider Activity

In other Simply Good Foods news, CAO Timothy Allen Matthews sold 5,859 shares of the stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $19.47, for a total transaction of $114,074.73. Following the sale, the chief accounting officer owned 18,065 shares of the company’s stock, valued at $351,725.55. This represents a 24.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Christopher J. Bealer bought 9,946 shares of the company’s stock in a transaction on Thursday, November 6th. The stock was bought at an average cost of $20.01 per share, with a total value of $199,019.46. Following the completion of the purchase, the chief financial officer owned 32,966 shares of the company’s stock, valued at approximately $659,649.66. The trade was a 43.21% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 9.35% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

SMPL has been the topic of several recent research reports. Mizuho decreased their target price on shares of Simply Good Foods from $43.00 to $35.00 and set an “outperform” rating on the stock in a research report on Wednesday. Stifel Nicolaus set a $32.00 price target on shares of Simply Good Foods in a research note on Friday, October 24th. Jefferies Financial Group lowered their price objective on Simply Good Foods from $32.00 to $27.00 and set a “hold” rating on the stock in a research note on Wednesday, October 22nd. Morgan Stanley set a $24.00 target price on Simply Good Foods in a report on Monday, October 27th. Finally, Weiss Ratings lowered Simply Good Foods from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday, October 25th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $32.22.

Simply Good Foods Profile

The Simply Good Foods Company operates as a consumer-packaged food and beverage company in North America and internationally. The company develops, markets, and sells snacks and meal replacements. It offers protein bars, ready-to-drink shakes, sweet and salty snacks, cookies, protein chips, and recipes under the Atkins and Quest brand names.